Advertisement
Canada markets closed
  • S&P/TSX

    22,690.39
    -36.41 (-0.16%)
     
  • S&P 500

    5,505.00
    -39.59 (-0.71%)
     
  • DOW

    40,287.53
    -377.47 (-0.93%)
     
  • CAD/USD

    0.7282
    -0.0016 (-0.22%)
     
  • CRUDE OIL

    80.25
    -2.57 (-3.10%)
     
  • Bitcoin CAD

    92,539.71
    -264.17 (-0.28%)
     
  • CMC Crypto 200

    1,366.55
    +35.65 (+2.68%)
     
  • GOLD FUTURES

    2,402.80
    -53.60 (-2.18%)
     
  • RUSSELL 2000

    2,184.35
    -13.94 (-0.63%)
     
  • 10-Yr Bond

    4.2390
    +0.0500 (+1.19%)
     
  • NASDAQ

    17,726.94
    -144.26 (-0.81%)
     
  • VOLATILITY

    16.52
    +0.59 (+3.70%)
     
  • FTSE

    8,155.72
    -49.17 (-0.60%)
     
  • NIKKEI 225

    40,063.79
    -62.61 (-0.16%)
     
  • CAD/EUR

    0.6690
    -0.0003 (-0.04%)
     

Why Funko Stock Crashed Today

Why Funko Stock Crashed Today

Shares of Funko (NASDAQ: FNKO) were taking a dive today after the toy maker missed earnings estimates in its third-quarter earnings report, and its guidance called for flat growth in the key holiday quarter. Revenue growth from the maker of POP figurines was actually strong, rising 36.6% to $365.6 million, with solid growth in all regions and categories. Management also slashed its full-year earnings per share guidance from $1.88 to $1.99 to just $0.85 to $0.95, implying earnings per share of just $0.12 to $0.22 in the fourth quarter.